HOUSTON, TX — (Marketwired) — 07/13/15 — Financial Software Solutions, LLC, the technology leader providing cloud-based and mobile case management solutions to bankruptcy trustees, and Signature Bank (NASDAQ: SBNY), a New York-based full-service commercial bank, announced today their agreement to jointly offer depository and technology services to trustees and other fiduciaries administering bankruptcy and receivership cases.
Financial Software Solutions is the provider of the TrusteSolutions? and BlueStylus® SAAS product lines, which are known industry wide for their robust, high-performing and secure platforms. FSSs commitment to product innovation and superior service has resulted in steady year-over-year growth for the last 10 years.
Signature Banks Bankruptcy Services group focuses on providing comprehensive, customized cash management and investment solutions that support all stages of Chapter 7 and Chapter 11 bankruptcy proceedings. Over the past few years, the Bank has expanded its Bankruptcy Services capabilities by attracting industry-leading professionals and entering into various related business lines. This has enabled Signature Bank to emerge as one of the leaders in this specialized arena.
We are pleased to have Signature Bank as our newest partner bank. They share the same commitment to service and quality product as we do. This partnership is an excellent opportunity for both organizations to further expand our reach into these markets, says Kristi Singal, president and CEO of FSS.
We look forward to this alliance with Financial Software Solutions as we further enhance our bankruptcy services offering. This agreement allows us to better serve bankruptcy trustees and professionals, an area in which the Bank has expanded its efforts over the past several years when we made a commitment to specifically cater to this fiduciary services market niche. We have added talented bankers to our private client banking network whose vast experience quickly positioned Signature Bank as one of the leaders in the provision of bankruptcy services and solutions. Our alignment with Financial Software Solutions helps round out the services we bring to our clients, explained Joseph J. DePaolo, President and Chief Executive Officer.
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